St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-09-10
THE COMMERCIAL RECORD.
On the Chicago Board There Was a
Manifest Discrimination to
Trade.
The Spectators Waiting for the Issu-
sn,e Of the G ,Vernmeni Crop
Report.
Transactions In the Financial Circles
Of Wall Street.-The General
Quotations.
Special TO the Globe.

Special TO the Globe
CHICAGO, Sept. 9.-Traders went in out of
the wet and climbed the stairs under the
great clock this morning feeling better than
Oh yesterday. The leaders of the market
very generally were i'll receipt of adviees of a
Strengthening nature, hence the hullish feel
ing was increased when the figures on the
northwest blackboard had been scanned.
The receipts of winter wheat were only IL
cars. Last year on the corresponding day the
receipts of winter wheat were 81 cars OF
spring wheat the receipts were % ears against
~ ears year ago. grand total OF az ears
against 40 on Sept. 9, 1856. On Sept.
1856, 462 bu of winter wheat were in
Spected from store. Yesterday the amount
was 1o9,3t6 bu. OF spring wheat inspected
from store a year ago there were i. 951 bu;
yesterday the amount was 30, bu. These
figures encouraged some buying, and when
the bell tapped and traders were off, October
wheat which closed at 7C12e, went to 7034c,
and October corn shot up 10 42sse. This
strength. however. was short lived. There
was such heavy selling that wheat declined
to 70sS@7ol3c and corn reached to 42sSe.
Oats opened at 25l2c, lard at S6.51l2 and ribs
at SS.92l2. The weakening of the corn
market about 10 o'clock was sudden one.
The receipts had
PILED Up so LITERALLY
that the figures lack much elasticity out OF
the pit, while all TENSION was removed few
minutes later by the circulation of report
that the figures which the government would
promUlgate to morrow would show crop OF
16O,000,000. Wheat slipped back to 1ol4e
The crowd in control seemed determined 10
work the cereal TO a lower range despite
those figures which tell of an improved sit
,Isb Nifh tha ht.1l
formed most eloquent and convincing SER
mons. The purchasing power of the coun-
try was never greater said leading pro-
vision dealer to-day. ITO this fact
add the consideration that the laboring
men are at work. The country is not torn
up by strikers and labor troubles The stu
alton in the Southern states is encouraging,
and people there will spend millions more
for supplies this year than they did last. The.
legitimate trade of the country is in a healthy
condition. Armour & Co. have sold more
provisions in the last two weeks than in any
fortnight in the history of that firm. Regard
ing the wheat market, ii IS evident to every
body that the present figures are much more
favorable TO higher prices than were the sta
tistics of one year ago" Shortly before -
O'Clock October corn fell TO Use. The wise
ones said this WAS due to the fact that ''Old
several days the old gentleman has been
THE SPINAL CORD
of the corn pit. buying largely and shipping
it East He took his hands off to-day and
the weakness succeeded Before 1890 some
sales of October corn had been made at
41a4c. Said member: "Old Hutch is get
ting in his work right along. The ninety
day discipline is punishment which he takes
with philosophical GOODNESS. and il is ques-
ton whether he will lose a trade or a dollar
by the banisment. He receives information
continually and concentrates his attention in
a very effective way" At the afternoon ses-
sion the grain markets were moderately
active. Wheat was lSc lower, corn Ac
higher and oats unchanged. Closing 2:30
p. N. prices: Wheat-September, 6S7sc:
October. 7OAc; December, 1880; May, 1914
@f79sse. Corn-September, 42Isc; October,
42ssc; Decembc- 42lac; May, 45s4c. Oats
September, 25c; october, 25lac; May, 30lse.
Pork-Year, s12.30; January, s12.77ls.
tLard-Deptember, S6.57la; October, So COG
So 62l2;, December, s6.57lz Short Ribs
September, SIS. 92l2; October, 1896.
THE ROUTINE REPORT
CHICAGO, Sept. 9.-This was decidedly off
day on the board of trade. There was a man.
ifeSt indispositiOn to trade due largely 20 the
fact that the crowd was waiting for the gov
eminent crop report, which Is due to NOR
row. Wheat shar ed In the general misfor-
tune which seemed TO have Oyertaken all of
the markets. The pit was nearly deserted all
day and the market was entirely devoid of
features. The market showed some strength
at the opening and sales were made at &c
above closing figures yesterday afternoon,
but realizing set in and with rather free of
ferings, chiefly Of wheat bought early yester-
day, the market settled back Ise and the
closing was about 1sc lower than yesterdays.
A light demand existed for cash, and Of
ferings limited. Buyers paid within
i1Isc of October prices to-day to get wheat
with which to fill orders Corn showed de-
creasing activity, and was rather cratic. The
feeling early was weaker and prices ruled
lower. There were rumors that the govern
ment crop report 10 be issued tomorrow
would make a favorable showing. making
the estimated crop $40, 900. 900 bu, which
is about the same as last year. Receipts
were nearly 100 cars more than expected
and the estimates for tomorrow quite large
464 cars, These features had the effect of
increasing the offerings, which became lib
eral, considerable long corn coming on the
market. A prominent local operator, sup
posed to be large holder of corn, sold quite
freely for September delivery. The market
opened at about Yesterday closing price, was
eaSy,and declined with slight changes 17@s4c,
the near futures exhibiting less strength than
yesterday, later advanced, and closed 4c
lower for September: IslLc for October and
ls@4c for May than yesterdays closing
prices Oats-Cash and near futures were
firmer, due probably to smaller receipts
Deferred deliveries were quiet without es-
pecial change from yesterdays advanced or
closed prices Cash oats were at least Ac
higher. No. quoted 25c. Sales were by
sample, however, leaving the i'll store market
little more than nominal
Provisions were very moderately active
but all unsettled feeling prevailed. Short
ribs were again the fayorites and fluctuated
sharply within 15e range. The market
opened firm at 2l205c, advanced at S.. 92la.
October sold to S5.95, broke to $3.50 on in
creased offerings due to the weakness in
corn, but before O'Clock became stronger
and rally to outside prices followed, last
sales being at the top and &c over yesterdays
close. January was weaker and closed sc
lower at $3.50. Lard remained slow at 1855
@6.60, closing at S6.57la. January declined
2lsc and closed S6.60la. A fair business
1237Ia, and closing sales were the same as
yesterday-at SGD.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat NO. 2, September, 69Isc, closing at
6S7sc: October, 7024c, closing at 7OI4c; De
cember, 7Ss4c. closing at 1850 May, 79s4c,
42Mc, closing at 42Ac; October, 42lsc,,
closing at 42sse; November, 42ssc, closing
at 42Ac: January, 45ase, closing at 45s4c
Oats, No. 2, September, 25e, closing at 25c;
26Ae, closing at 26c; May, 3oasc, closing
at 30Isc. Mess pork, per Dbl, year, Sl235;
closing at 81. 50; january, sia.s5, closing
at s12a!l2- Lard: per 100 lbs, septem-
Der, 1000, eiosiHS ut So.off2: OCTOBER,
$6.57l2, closing at $500 November
$6.5zls, closing at s6.57ls; December,
$6.57te closing at S657Hs. Short ribs,
per 100 lis. September, IS. OPP, closing at
S9.92R2; October. SS.92R, closing at
$3.50; January, S6.62ls, closing at S6,57Iz
Cash quotations were follows: Flour,
a good demand existed for choice patents.
which ruled quite firm. holders asking an adj
vance of 1G@15e; winters quiet and going
slow. Wheat-No. 2 spring, 69969Ac; No
3spring, CSC; No. 2 red, Tie. Corn-No. 2,
Ace. Oats-No. 2, 25c- Rye-No. 9, 45c.
No Gee Flsy No q